The impact of new technology such as data analytics and big data will revolutionise audit but the risk of frequent tenders eroding auditor relationships and diluting the value argument is more of a threat for the future of audit, says Fiona Czerniawska, director of Source Global Research

Chief executive of KPMG’s South African arm, Trevor Hoole, has resigned with the firm’s chairman, chief operating officer and five senior partners also departing following an internal investigation into the work it carried out on behalf of the Gupta family and a report it produced for the South African Revenue Service

The National Audit Office (NAO) has published cyber security and information risk guidance for audit committees, after identifying a high incidence of access-control weaknesses and other issues in the course of preparing its reports